20 -year, 10% annual coupon, callable convertible bond will sell at its $1,000 par value; straight-debt issue would require a 12% coupon. Call the bonds when conversion value >$1,200. P0=$10;D0=$0.74;g=10%. Conversion ratio =CR=80 shares. What is the conversion price? A) 10 B) 12.50 C) 13.50 D) $20 E) $5.50